Economy, Banking and Finance · 26 February 2026

Financial Services Institutions Bureau (FSIB) recommends Hitesh Rameshchandra Joshi for CMD of General Insurance Corporation of India (GIC Re)

Exam-focused facts from the 26 February 2026 current affairs briefing.

Key facts

  • The Financial Services Institutions Bureau (FSIB) has recommended Hitesh Rameshchandra Joshi for the position of Chairman-cum-Managing Director (CMD) of General Insurance Corporation of India (GIC Re).
  • The FSIB conducted an interface with five eligible candidates on 24 February 2026 before making the recommendation.
  • Hitesh Rameshchandra Joshi currently serves as the Executive Director with additional charge of CMD at GIC Re.
  • Joshi holds a postgraduate degree in Accountancy from Mumbai University and a Master’s Degree in Financial Management from the Jamnalal Bajaj Institute of Management Studies.
  • He is a Fellow of the Insurance Institute of India.